Page 153 - CW E-Magazine (12-3-2024)

News from Abroad

PROJECT PARTNERS
Idemitsu Kosan joins Mitsubishi and Proman

for clean ammonia project in US

Japanese energy firm, Idemitsu that produce and supply mate-
Kosan, has agreed with Mitsubishi rials in the chemicals and
Corporation and Swiss fertiliser major, steel sectors.
Proman, to participate in the develop-
ment of the proposed clean ammonia Mitsubishi Corporation
production project in Lake Charles, aims to turn its part of the
Louisiana, USA. LPG terminal located in
Namikata-cho, Imabari City,
The project targets to produce Ehime Prefecture, into an
approximately 1.2-million tons of ultra- ammonia terminal and sup-
low carbon clean ammonia per year ply the clean ammonia for
by FY2030 and is under the front-end various industrial applica-
engineering design (FEED) process. tions, mainly in the Shikoku
The project will adopt the SynCOR of Japan’s national strategy to grow and Chugoku regions.
Topsøe and the Advanced KM CDR domestic ammonia consumption to
Process developed by Mitsubishi help achieve its decarbonisation goals. Both Idemitsu and Mitsubishi Cor-
Heavy Industries Ltd. (MHI) in colla- poration intend to supply clean ammonia
boration with Kansai Electric Power Idemitsu aims to establish an produced by the project to Japan
Co. Inc. ammonia import terminal utilising the through these terminals.
existing infrastructure at the Tokuyama
Ammonia produced at the facility plant (Shunan City, Yamaguchi Prefec- Mitsubishi Corporation, Proman,
will be primarily exported to Japan as ture), and supply over 1-million tons of and Idemitsu will continue to study the
a clean fuel to reduce emissions from the clean ammonia by 2030 to various feasibility of establishing a robust, large-
coal-fired power plants, in line with industrial companies, including those scale clean ammonia supply chain.

SABIC denies reports of bidding for Braskem stake

Saudi Basic Industries Corp. (SABIC)
has officially refuted claims of intending
to submit a bid for acquiring a stake in
the Brazilian petrochemical company,
Braskem.

These rumours were initially re-
ported by Brazil’s Valor newspaper,
citing unnamed sources who suggested
SABIC’s interest in Braskem and a
potential solo bid, distinct from any
consortium efforts with Abu Dhabi
National Oil Co. (ADNOC). Notably,
ADNOC had previously proposed a Novonor, Braskem’s largest shareholder. parency in its investment decisions. The
takeover bid for a controlling share in In a clarification statement issued company stressed the significance of
Braskem, offering 37.29 Brazilian Real on February 21, SABIC addressed the relying on official channels for accurate
per share, aiming to secure the majority inaccuracies of these media reports and and reliable information concerning its
of the 38.3% stake currently held by underscored its dedication to trans- investment activities.

Chemical Weekly March 12, 2024 153

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